Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1994, Volume 62, Issue 4

A Noncooperative View of Coalition Formation and the Core<795:ANVOCF>2.0.CO;2-Z
p. 795-817

Motty Perry, Philip J. Reny

A noncooperative implementation of the core is provided for games with transferable utility. The implementation obtained here is meant to reflect the standard motivation for the core as closely as possible. In the model proposed, time is continuous. This idealized treatment of time ensures that there is always time to reject a noncore proposal before it is consumated.

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